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Higher OPR signals further cost-of-living squeeze

Higher OPR signals further cost-of-living squeeze

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,One cannot help but worry about the degree to which the OPR hike could dampen domestic growth momentum; or the degree of socio-economic pain it could inflict given the scars left behind by Covid-19.

ON May 1, Bank Negara’s Monetary Policy Committee (MPC) decided to hike the Overnight Policy Rate (OPR) to 2% from 1.75%. As the OPR determines the rate of interest that financial institutions charge each other for overnight funds, the hike means higher borrowing costs.

The MPC, in explaining its decision, pointed towards firming domestic growth.

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  • 足球平台出租(www.hg108.vip) @回复Ta

    2022-07-06 00:00:14 

    Around 300,000 migrant workers, many of them from South Asia, live in dorms in the prosperous city-state, where they are typically packed into shared rooms and sleep on bunk beds.就服你了

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